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Economic Expert: The Return of the capital will encourage foreign investment


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Economic Expert: The Return of the capital will encourage foreign investment

info.gif By: mano

Date: Thursday 06-01-2011 11: 02 am

Baghdad (News). Economic expert said Bassem jamil that the return of capital and investors Iraqis will work on bridging the gap investment.

Jamil said a statement (the news News) Thursday that: "The use of the return of capital and with high Competencies in the private sector will fill in the blanks, which was filled by modest capabilities, which is accurate signals foreign capital, which was لايطمئن to invest in Iraq," he said.

The economist pointed out that: " The capital to discuss opportunities for safe and easy for employment and investment funds inside Iraq, he stressed the necessity of giving the facilities to enable him to contribute to the process of the reconstruction of the country. "

It was the Iraqi central bank, has confirmed that most large investment foreign companies " concerned over investment in Iraq because of the continuation of the imposition of international sanctions on it. "

Foreign investment is of great importance for the development of the economy of the countries, especially after the World openness and globalization, which has been in the world as it will contribute to the transfer of modern technology to Iraq, which promote the development of the local production of goods and services and the provision of funds in support of development.

Was a researcher in the economic said in an earlier statement (للاخبارية): that Iraq needs 700 billion dollars for infrastructure development, heads for foreign investment to promote opportunities for advancement, pointing out that the overall budget (cannot) only to meet the future development plans for the next five years, or even international assistance.). /(12.. M) ended

http://ikhnews.com/news_view_6478.html

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You would think that in order to maintain international interests in Iraq, foreign investors with existing multi-million/billion DOLLAR contracts would need an immenent RV/RI. To these hospitals and powerplants construction movng forward one could surmise that there is great faith of dinar/dollar exchange rate increase and greater faith to stabilize both currencies. - RK

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